AXA to longer pursuing MAA acquisition
May 16, 2008
AXA Asia Pacific Holdings says it is no longer pursuing an acquisition of Malaysian Assurance Alliance Berhad (MAA) in Malaysia.
AXA Asia funds shrink by $10b
Axa Asia Pacific Holdings, a unit of Europe's second-biggest insurer, said funds under management fell 10% in the first quarter amid the decline in global financial markets.
EU widens antitrust probe into BHP Billiton's proposed acquisition of Rio Tinto
The European Commission on Friday widened its antitrust probe into the proposed acquisition of Rio Tinto Inc. by BHP Billiton Ltd., saying an initial investigation revealed concerns about higher prices and reduced choice for EU customers of the mining concerns.
AXA APA on lookout for acquisitions
AXA Asia Pacific Holdings Ltd says the company has $1 billion in surplus capital to facilitate any future acquisitions.
AXA Asia Pacific gets new regional boss
AXA Asia Pacific Holdings Ltd has appointed Michael Bishop, who headed Prudential Corporation Asia, to lead its Asian operations.
Orica has firepower for acquisitions
Orica is looking for acquisitions to add to its explosives businesses, a day after announcing it will spin off its consumer products division.
07/22/08
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Woolies' acquisition drive blocked
Independent retailers claim victory after the ACCC blocks Woolies' strategy of 'creeping' retail acquisitions.
Axa's managed funds inflows down
Axa Asia Pacific says inflows into its managed funds fell in the first quarter of 2008 amid turmoil in global financial markets.
VDM narrows search for four acquisitions
Engineering firm VDM Group has narrowed its acquisition search to four potential business.
Lend Lease cashed up for acquisitions
Property developer Lend Lease is looking for acquisitions, hoping to take advantage of the fallout in property markets driven by financial market volatility.
ACCC rejects Woolies Karabar acquisition
The ACCC has rejected the proposed acquisition of the Karabar Supermarket in NSW by the nation's largest retailer, Woolworths Ltd, on competition concerns.
BHP eyes acquisitions
BHP Billiton is increasingly considering acquisitions in petroleum to add to growth opportunities within its business.
Banks lead way as shares climb
The Australian sharemarket closed higher yesterday as Westpac's proposed takeover of St George enlivened the banking and financial services sector.
WorleyParsons makes Canadian acquisition
Engineering and mining services company WorleyParsons has made an acquisition in Canada, purchasing Westmar Consultants for $A48.68 million.
Foster's hangover not over
The Foster's share price reaction shows the board did the right thing to squeeze out Trevor O'Hoy - and that big acquisitions mostly don't work.
IAG rules out material acquisitions
Insurance Australia Group Ltd (IAG) said it did not expect to make any material acquisitions for another three years.
Stocks to watch
Stocks to watch on the Australian Stock Exchange today.
Heineken loses fizz through S&N acquisition
Heineken, the giant Dutch brewer which recently bought out Scottish & Newcastle (S&N) in partnership with its rival Carlsberg, today said the £10 billion acquisition had been a drag on first half earnings despite a rising thirst among consumers for its premium brands.
Miner Oxiana Spends $5.8B for Zinifex
Australian miner Oxiana Ltd. will buy rival Zinifex Ltd. in a share swap worth $5.8 billion, the two companies said Monday, creating the world's second-largest producer of zinc.
NAB completes Great Western acquisition
NAB has completed its $A836m acquisition of Great Western Bancorporation, the holding company of Great Western Bank in the US.
Westpac's RAMS woes
Westpac snapped up a stricken RAMS on the cheap six months ago but the acquisition appears to be backfiring.
06/02/08
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'Win-win' for Challenger and AXA in...
AXA Asia Pacific Holdings has swapped its closed annuities portfolio and a consideration of $100 million for Challenger Financial Services Group's financial planning business.
AXA warns of current investment climate
AXA Asia Pacific Holdings says the current investment environment will affect the financial performance of companies in the financial services sector.
Wesfarmers H1 profit up to new record
Wesfarmers' $20 billion acquisition of Coles Group has helped fill its coffers with a record interim profit.
CSL to acquire Talecris for $3.4b
Blood products and vaccine firm CSL will acquire Talecris Biotherapeutics Holdings for $3.48 billion to boost its presence in the plasma therapeutics market.
08/13/08
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